Vietnam’s Newest Airline Plans $2 Billion GE Order Amid Crisis
- Bamboo Airlines is picking GE engines to power its Dreamliners
- Carrier expects to list shares on a Vietnam exchange this year
A "#flybamboo" hashtag is displayed on a Bamboo Airways aircraft.
Photographer: Maika Elan/BloombergThis article is for subscribers only.
Vietnam’s Bamboo Airways plans to fit its new Boeing Co. 787 Dreamliners with General Electric Co. engines in a deal valued at about $2 billion, and continue expanding despite the devastating impact the coronavirus is having on global aviation.
The airline, which only began operations last year, expects to sign a contract with GE for 60 engines and services by the end of 2020, Chairman Trinh Van Quyet said in an interview with Bloomberg News. The company also aims to list in Vietnam in the fourth quarter after scrapping a second-quarter share listing because of the virus outbreak, he said.